AGP Executive Report
Last update: 7 hours agoRBA and Rates: Deputy governor Andrew Hauser says confidence in the Reserve Bank’s inflation fight is weakening, warning that lost trust could make price pressures more costly to tame. The cash rate stands at 4.85% after five hikes this year, with three board members opposing the latest increase. Banking: NAB reported sharply lower earnings and higher impairment charges, sending its shares down 5.4% even as the ASX 200 rallied 2.6%. The lender is also consulting on a 2,500-job restructure by mid-2027. Credit and Markets: Falling home prices and a sharp retreat in investor mortgage lending add to concerns about housing-linked credit, while global market optimism lifted miners and tech shares but left bank stocks under pressure.
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